Baxter International Faces Securities Class Action Lawsuit Over Safety Concerns with Novum IQ Large Volume Pump

Strategic Insights

Oct 27, 2025 — 1 min read

Safety concerns with Baxter's Novum IQ Large Volume Pump (Novum LVP) have led to a federal securities class action lawsuit against the company. The lawsuit alleges that Baxter misled investors by failing to disclose systemic defects in the device, which caused widespread malfunctions, injuries, and deaths. The company had received reports of serious injuries and two patient deaths related to the Novum LVP. As a result, the price of Baxter shares declined by $6.29 per share, or approximately 22.4%, in a single day.

Key Takeaways:

Baxter International is facing a federal securities class action lawsuit due to safety concerns with its Novum IQ Large Volume Pump (Novum LVP).
The lawsuit alleges that the company misled investors by failing to disclose systemic defects in the device, which caused widespread malfunctions, injuries, and deaths.
From April 7, 2025, to July 31, 2025, Baxter sent multiple warning letters to customers about the risks associated with the Novum LVP, revealing 79 reports of serious injury and two reports of patient deaths.
On July 31, 2025, the company announced it would voluntarily pause shipments and installations of the Novum LVP.
The price of Baxter shares declined by $6.29 per share, or approximately 22.4%, on July 31, 2025, due to the safety concerns.
The lawsuit has been filed on behalf of investors who purchased securities during the period of February 23, 2022, through July 30, 2025.

Statistics:

79 reports of serious injury related to the Novum LVP (as of July 14, 2025).
2 reports of patient deaths related to the Novum LVP (as of July 14, 2025).
$6.29 per share, or approximately 22.4%, decline in the price of Baxter shares on July 31, 2025.
22.4% decline in the price of Baxter shares in a single day.
$28.05 per share, closing price of Baxter shares on July 30, 2025.
$21.76 per share, closing price of Baxter shares on July 31, 2025.

Sources:

GlobeNewswire (October 28, 2025)
[ source was not provided in the original material, so the reference is omitted ]

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